Stock Radar: 17% rally in May! This airline stock likely to hit fresh record highs in next 12 months

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Key Points

InterGlobe Aviation's stock price in the airline industry rose by 17% in May 2023, hitting a record high of Rs 2412 on May 30, 2023..

The stock surpassed its November 16 swing high of Rs 2379 on November 16, 2021, indicating a gradual uptrend..

IndiGo, the aviation major, recently posted a net profit of Rs 919 crore for the January-March period, indicating positive fundamental growth for the company...

The stock price of InterGlobe Aviation, part of the airline industry, rose by about 17% in May 2023 and fundamental as well as technical parameters suggest that the upside remains intact.Medium to long-term investors can look to buy the stock now for a possible target of Rs 2,800-2,900 in the next 12 months, suggest experts..

The stock rose from Rs 2020 as on April 28, 2023 to Rs 2372 recorded on May 31, 2023 which translates into an upside of..

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